They have exploration and some limited development approvals. The company will need more approvals to get it actually producing but as yet they do not have a final mine plan or route map to production. Given the significant environmental issues and the jurisdiction of the project, this is not inconsequential. To reiterate, I think there is tremendous potential in ABR or should I say 5EA and certainly am a holder. The company and its share price will benefit from more detail on their route to production rather than the (IMO) over-emphasis on the benefits of a US listing and the strong macro fundamentals.
ABR Price at posting:
$1.40 Sentiment: Hold Disclosure: Held
